"ملف 39/2 (1 B/8) تأثير إلغاء الحكومة الفارسية لامتياز شركة النفط الأنجلو-فارسية على سوق النفط في البحرين" [ظ‎‎١‎٣] (٨٠/٢٦)

10
them on this subject as the result of prolonged negotia
tions. This preliminary royalty agreement was approved
by the Co un cil of Ministers in Tehran in February, 1932.
It was understood by both parties that this document
was to be submitted to their respective lawyers and
accountants, who would discuss and draw up a more ^
formal agreement defining the manner in which the
royalty payment to the Persian Government was to be
calculated in the future, in order to avoid, if possible,
further differences of opinion between the parties on this
point. The formulation of so detailed an agreement,
in conformity with principles already agreed, and its
correct rendering in the French language which was to
“ prevail,” was a task involving a considerable
expenditure of time.
The lawyers and accountants, as the result of some
months’ work, eventually produced a formal draft royalty
agreement which, subject to certain modifications
mainly in favour of the Persian Government and included
at the request of its representatives—gave effect in their
opinion to the general principles which had been
agreed between the Persian Government’s Representative
and the Chairman of the Company. This draft was
initialled in London on behalf of the Company and by
the Persian Government Representative, on the advice
of their lawyers and accountants, and was transmitted £
to Tehran, where it arrived on the 29th May, 1932, for
formal ratification by the Persian Government, which has
not yet been accorded.
It will be seen, therefore, that the Directors cannot
be accused of having failed to treat seriously the views
of the Persian Government, discussions initiated in the